in News Departments > New & Noteworthy
print the content item

In 2013, the total world sales of building energy management systems (BEMS) will be $16.7 billion at an installed value, growing to $23.14 billion by 2017, according to a new report from Memoori. This represents a compound annual growth rate of approximately 8.4% over the five-year period.

The report says energy savings remains the key driver for the BEMS market, and global attention is on the efficient use of energy resources and reduction in CO2 emissions. With buildings accounting for around 40% of primary energy usage, the report says savings here can make a significant impact.

According to the report, Honeywell, Johnson Controls, Schneider Electric, Siemens and UTC dominate the products business in most countries across the developed world. Memoori estimates the companies take as much as 70% of the world’s product business and have held this position for 15 years through an active acquisition strategy.




Hybrid Energy Innovations 2015
Latest Top Stories

SPP Raises Concerns About EPA's Proposed Clean Power Plan

Stakeholders around the U.S. are mulling over the Environmental Protection Agency's blueprint to cut emissions from existing power plants. The Southwest Power Pool has released its assessment of the plan.


Comverge, Constellation To Merge Demand Response Businesses

The two companies have announced a deal to combine their DR operations serving commercial and industrial customers and establish a new, standalone entity.


Grid-Scale Energy Storage Continues Making Inroads

A new report from Navigant Research highlights the biggest markets and most popular technologies for grid-scale energy storage.


Demand Response And Renewables Help SDG&E Tackle Record-Breaking Heat Wave

San Diego Gas & Electric (SDG&E) recorded peak demand records last week and relied heavily on energy conservation, as well as imported wind and solar power, to keep the lights on.


Report: Utility-Scale Renewables Keep Getting Cheaper

A new study suggests the levelized costs of energy of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.

Hybrid Energy Innovations 2015
S&C Electric_id176
edf_id180